Close

CSX Corp. (CSX) Tops Q3 EPS by 3c, Sales Beat

October 14, 2014 4:03 PM EDT

CSX Corp. (NYSE: CSX) reported Q3 EPS of $0.51, $0.03 better than the analyst estimate of $0.48. Revenue for the quarter rose 8% from last year to $3.2 billion versus the consensus estimate of $3.13 billion.

"As the economy continues to expand, the company's record third-quarter results are built on the foundation of CSX's network reach, sustainable growth opportunities, and the efforts of our 31,000 employees," said Michael J. Ward, president, chairman and chief executive officer. "At the same time, we are focused on the execution of our core strategy. That means enhancing our ability to grow faster than the economy, price above inflation, make strategic investments and produce ever more efficient operations to continue delivering superior shareholder value."

On the strength of this performance, CSX expects to sustain double-digit earnings growth and margin expansion in 2015, and continues to target a mid-60s operating ratio longer term.

For earnings history and earnings-related data on CSX Corp. (CSX) click here.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Earnings, Guidance, Hot Earnings, Management Comments

Related Entities

Earnings